[jhall1468]

First to market in hardware, especially 30+ years ago wasn't a minor advantage it was an enormous advantage.

And I'm not suggesting Kodak should have just went for digital in 1975, as that wasn't cost effective, or practical. But they should have, arguably, understood it was the future and at least pretended that it was a possible revenue stream. Instead they actively avoided it, and doubled-down on the "we're a chemical company" for decades. Then they went bankrupt.